Archive for the Forex trading Category
I felt that I had to put this chart which shows that the GBPJPY did indeed reach the target I mentioned at 15645 and then promptly fell (note the stochastic move below 80)... this should have been my trade if I had followed the rules... it would have been a lovely 95 pips in the bag... this chart will remind me of the missed opportunity and the reason why one needs to stick to the gameplan...
As I write, the GBPJPY price is at 15620.. it bounced perfectly off 15645...
June 4, 2009
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When I'm feeling tired, it's quite difficult to trade. I've been doing quite well of late with trading and sports betting and I haven't been inputting everything into the blog. I've noticed that people who own blogs like mine with a target in hand use them to monitor their progress.. I am using mine as a diary tool so I can look back at my trades and learn from past mistakes. I have certainly noticed my trading improving immensely this way to the point where I feel confident that I am indeed suc
June 4, 2009
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Today was the worst trading day I've experienced for a long while.. I don't know if it's because of the Bank Holiday and low volumes but the market is just drifting from up and down. My entries today have all resulted in a loss.
Firstly EURUSD, the market had lost upwards momentum and I was anticipating some downwards pressure.. however, the market turned upwards and didn't break down.. I got out for a 5 pip loss.
Then the GBPUSD was the same thing... thought there was a top pattern so
May 26, 2009
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